Getting into spreadbetting?

castleking1

Hi all this is my first time on boards.ie and would be keen to findout who has experience in spread betting and what strategies they use.

I invested 5000 2 years ago and lost badly in Sharewatch.

Last year i put the remaining 2600 into delta index and lost another 400.

I withdrew my remaining 2188 around 9 months ago totally disillusioned.

All is going well now however as i put the 2188 back in this June and have now got back up to around 5500 in the space of 14 weeks.

I now follow a long term strategy used by Mark Shipman author of The Next Big Investment Boom.

Any advice or help appreciated

gaherne

Find a cheaper spreadbetting firm.

Find delta's spread way to wide and there margin requirement is huge.

At the moment i am using Worldspreads.ie, tighter spreads and lower rolling charges

castleking1

I use a demo with worldspreads so might use them to see how i get on.
cheers:)

makfli

Love to know what your big wins were ? Shipmans strategy as far as I know you need 12 weeks of increasing weekly close prices above the 200 day moving average plus the 200day ma must be on an uptrend. Theres not many stocks that I know of demonstarting these characteristics.

marketwizard

i partially agree with gaherne Delta used to have some pretty fat spreads alright, but they are probably tighter than anyone now and way more products than they used to have. I swicthed to wspreads a year ago but have moved back to delta as the wspread platform is a bit clunky (and setting stops is a pain) and noticed delta had tightened up spreads. Also went to a training thing at delta which was pretty good (and free), think they run them fairly regular and it was taken from a more advanced level than the first one i did. I also have etrade account and quite like them, although their customer service is slow.

Roonbox

thats good going for a short space of time - were you taking big risks?

I use IG Index and Worldspreads -

IG index is by far the superior option -

I read Shipmans books - mostly about commodities and buy and hold strategies -

I thought it looked like he just copied his book from Jim Rogers -

what have you been trading for the last few months??

castleking1

Hi all,

To give more detail:

I bought:
Nasdaq 100Ftse 100AlcoaAutodeskTexas InstrumentsAESBlackstonePerfect WorldBeazer Homes USA
Adidas
I followed Mark Shipmans buy only when the current weekly close is the highest of the last 12 weeks highs and provided the 40 weekly moving average is on the up.
I purchased all of the above from the US with the exception of the FTSE100 and adidas.
I find the signals on www.barchart.com very useful, however it involves a little searching to ensure that they are quoted on Delta.
I also purchased Microsoft and ford but sold them as they were not progressing.
My main movers were:
Perfect world
Beazer Homes USA
Ftse 100
Nasdaq
I have made alot out of the first two, however many of the other shares are producing little in the way of profits, but still holding on.

I have only placed 1 stake on most of my buys with the exception of Beazer Homes USA x 5 and Nasdaq x 2.
Hope this is clear to u all.

Any advice welcome.

castleking1

Roonbox wrote: »

thats good going for a short space of time - were you taking big risks?

I use IG Index and Worldspreads -

IG index is by far the superior option -

I read Shipmans books - mostly about commodities and buy and hold strategies -

I thought it looked like he just copied his book from Jim Rogers -

what have you been trading for the last few months??

Just stuck to within the margin or presuming i would lose 15% of actual stock value. i.e. if i had 1500 cash i would invest in stocks to the value of 10000. Whichever was the lower of the above two senarios.

castleking1

makfli wrote: »

Love to know what your big wins were ? Shipmans strategy as far as I know you need 12 weeks of increasing weekly close prices above the 200 day moving average plus the 200day ma must be on an uptrend. Theres not many stocks that I know of demonstarting these characteristics.

My big wins were:
Perfect world - US stock
Beazer Homes USA - US stock
Ftse 100

castleking1

Roonbox wrote: »

thats good going for a short space of time - were you taking big risks?

I use IG Index and Worldspreads -

IG index is by far the superior option -

I read Shipmans books - mostly about commodities and buy and hold strategies -

I thought it looked like he just copied his book from Jim Rogers -

what have you been trading for the last few months??

I bought:
Nasdaq 100Ftse 100AlcoaAutodeskTexas InstrumentsAESBlackstonePerfect WorldBeazer Homes USA
Adidas
I followed Mark Shipmans buy only when the current weekly close is the highest of the last 12 weeks highs and provided the 40 weekly moving average is on the up.
I purchased all of the above from the US with the exception of the FTSE100 and adidas.
I find the signals on www.barchart.com very useful, however it involves a little searching to ensure that they are quoted on Delta.
I also purchased Microsoft and ford but sold them as they were not progressing.
My main movers were:
Perfect world
Beazer Homes USA
Ftse 100
Nasdaq
I have made alot out of the first two, however many of the other shares are producing little in the way of profits, but still holding on.

I have only placed 1 stake on most of my buys with the exception of Beazer Homes USA x 5 and Nasdaq x 2.
Hope this is clear to u all.

Any advice welcome.

luckystrike23

castleking1 for tips on spread betting this should help http://www.financial-spread-betting.com/strategies-tips.html However, having said this you have to learn by committing mistakes.

For myself I have found Delta's support very good with concise, clear detailed replies.